Supervalu Third Quarter Earnings Sneak Peek

Supervalu (NYSE:SVU) will unveil its latest earnings today, Thursday, January 10, 2013. SUPERVALU operates as a grocery retailer in the United States.

Supervalu Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 7 cents per share, a decline of 70.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. Analysts are projecting profit to rise by 61.6% compared to last year’s 48 cents.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the second quarter, it missed the mark by 12 cents as a result of reporting 0 cents against an estimate of profit of 12 cents per share. In the first quarter, the company fell short of forecasts by 19 cents.

A Look Back: In the second quarter, the company swung to a loss of $111 million (52 cents a share) from a profit of $60 million (28 cents) a year earlier, missing analyst expectations. Revenue fell 4.6% to $8.04 billion from $8.43 billion.